Mgt 300 Final Exam Study Guide With 100% Correct Answers

Code of Ethics {Ans: a formal statement that serves as a guide to actions in problems involving ethical questions; Golden rule}Strategic Mapping/Planning {Ans: activities that involve defining the organizations vision, mission, setting objectives, and developing strategies to enable it to operate successfully in the environment -decision making by top management -ultimate allocation of large amounts of resources (money, labor, time) -has significant long term impact -deals with issues that are future oriented}Ethical Responsibility Perspective {Ans: managers decisions are not based on legal and profitability concerns but on what is fair, equitable, and just. ex. people died from Tylenol. The company took the pills off the shelves and did an investigation. They set up a hotline to answer questions and ease minds. Eventually found out that someone had poisoned the pills.}BGC MATRIX {Ans: -most publicized techniques to help in strategic planning -based on two techniques: various industry growth rates and SBUs relative market share -STARS= SBUs in fast growth markers w/ large relative marker share -QUESTIONS MARKS=SBUs in high growth industries but small market shares -CASH COW= SBUs that have reasonably high market shares that are competing in mature, slow industries that usual do not require commitments